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Institutional fundamentals of long-run economic development (Nobel Memorial Prize in Economic Sciences 2024)

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  • G. V. Egorov

Abstract

2024 Nobel Prize in Economics was awarded to Daron Acemoglu and Simon Johnson from MIT and to James Robinson from the University of Chicago for fundamental contributions to institutional economics. The laureates and their followers have suggested a number of theoretical models of institutional dynamics, giving rise to new areas of modern economic research. In addition, Acemoglu, Johnson, and Robinson have made major contributions to empirical studies of long-term economic development by establishing critical patterns that connect economic development with political and social institutions.

Suggested Citation

  • G. V. Egorov, 2025. "Institutional fundamentals of long-run economic development (Nobel Memorial Prize in Economic Sciences 2024)," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 1.
    • Handle: RePEc:nos:voprec:y:2025:id:5235
    DOI: 10.32609/0042-8736-2025-1-32-43
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